SMEs and Economic Development in Africa

Small and medium-sized enterprises (SMEs) are a vital part of the global economy, contributing to economic development and employment creation. SMEs in Africa face unique challenges, such as access to finance and market entry. This book provides solutions to these challenges and offers policy measures to encourage economic growth and development. It brings together the literature on SMEs and showcases how policymakers can overcome the challenges affecting SMEs using case studies. The book is aimed at advanced students, scholars, researchers, policymakers, development agencies, and non-governmental organizations.

Format: Hardback
Length: 220 pages
Publication date: 15 September 2023
Publisher: Taylor & Francis Ltd

Small and medium-sized enterprises (SMEs) are a vital component of the global economy, accounting for up to 50% of gross domestic product in certain instances. They play a significant role in economic development by generating employment, fostering economic growth, and reducing poverty, all of which are essential components of the Sustainable Development Goals. In many economies, SMEs are the primary source of job creation. Despite their economic significance, SMEs face numerous binding constraints, including limited access to finance and market entry, as well as external shocks and crises, such as the recent COVID-19 pandemic.

To address these challenges, SMEs and Economic Development in Africa offers grounded solutions tailored to the specific needs of SMEs in Africa. Drawing on evidence from international experiences, the book provides guidance on building resilience to counteract future shocks and offers a range of policy measures that governments in developing countries can consider to promote economic growth and development. These measures include increasing productive capacities, providing training and education, enhancing business ethics and professionalism, and improving competitiveness.

What sets this book apart is its comprehensive approach to SMEs. It brings together the literature on SMEs in one place and showcases how policymakers can overcome the challenges affecting SMEs through case studies. The book also provides tested and practical remedies for African economies, with the aim of making SMEs a springboard for economic prosperity.

The target audience for this book includes advanced students, scholars, researchers, policymakers, development agencies, and non-governmental organizations. It offers valuable insights and practical solutions for those interested in understanding the role of SMEs in economic development and exploring strategies for promoting their growth and success.

Weight: 600g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032536934